#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024This property has sold on June 2, 2025. Looking for something similar? Contact us or browse available homes.
70 Rainey ST Unit #1206
Austin, TX, 78701
Per MLS rules, only the primary photo is shown for non-Keenan closed listings.
This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.
Why you're seeing this property: Unlike major portals that hide off-market listings, we maintain the most comprehensive Austin property database. View market history, neighborhood data, and discover similar homes currently for sale. #1 Austin Realtor Team 2024.
Experience the ultimate downtown Austin lifestyle in this stunning three-bedroom, three-bath residence at 70 Rainey. Offering 1,743 square feet of thoughtfully designed living space, this home combines high-end finishes with expansive lake and city views in one of Austin’s most desirable buildings.
The open-concept layout is flooded with natural light from floor-to-ceiling windows and centers around a gourmet kitchen featuring Miele appliances, custom cabinetry, and a large walk-in pantry—ideal for entertaining or elevated everyday living. The spacious primary suite includes a spa-inspired bath with a soaking tub, glass-enclosed shower, and dual vanity, along with a custom walk-in closet. Two additional ensuite bedrooms provide flexibility for guests, roommates, or a dedicated home office. Step outside to a generous private balcony and take in sweeping views of Lady Bird Lake and the downtown skyline.
Residents of 70 Rainey enjoy access to an unmatched array of amenities spread across two floors, including a heated infinity pool and hot tub overlooking the lake, a newly renovated fitness center, sauna, steam room, cold plunge, private dog park, theatre, club room, and 24-hour concierge service. Positioned steps from Rainey Street’s renowned restaurants and bars, and with direct access to the Hike-and-Bike Trail, this residence blends luxury, comfort, and convenience in the heart of it all.
Property Type
Residential Lease
Year Built
2019
$/Sq Ft
$4
Garage
2 spaces
Pool
Yes
Listed by Engel & Volkers Austin
Verified property facts
70 Rainey ST Unit #1206 is listed at $7,000 with 3 bedrooms, 3 full bathrooms, 1,743 square feet, 0.00-acre lot.
70 Rainey ST Unit #1206 is zoned for Austin ISD with assigned schools: Mathews (10/10) (elementary), O Henry (middle), Austin (7/10) (high). School assignments should be verified directly with the district.
70 Rainey ST Unit #1206 is a Residential Lease built in 2019 featuring 3 bedrooms, 3 full bathrooms, 1,743 square feet, 0.00-acre lot.
70 Rainey ST Unit #1206 is listed by Engel & Volkers Austin. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
70 Rainey ST Unit #1206 is priced at $4 per square foot across 1,743 sqft. The Downtown Austin neighborhood guide reference price is $875,000 (Downtown Austin neighborhood guide · reference price).
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Patio / Porch
Parking
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-25.7% | — | $1,425,084 | — | — |
2024+29.1% | — | $1,918,000 | $123,930 | $1,543,523 |
2023+19.1% | — | $1,485,885 | $123,930 | $1,794,070 |
2022+30.8% | — | $1,247,500 | $123,930 | $1,361,955 |
2021 | — | $953,483 | $61,965 | $1,185,535 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($1K)
Adjustable assumption - not a lending recommendation.
$7,000
Luxury property intelligence
A sourced read on Downtown Austin pricing, timing, and property scale. No automated valuation claim.
List price
$7,000
Price per sqft
$4/sqft
Vs. Neighborhood guide reference price
-99.2%
$875K · Downtown Austin neighborhood guide · reference price
Days on market
Not available
Original to current
$300 reduction
$7.3K original
Active inventory context
Ask for current inventory
Price Position in Downtown Austin
Listed 99% below the Downtown Austin neighborhood guide reference price. Downtown Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Downtown Austin
Active listings and buyer search context in Downtown Austin
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
This page does not assume a mortgage rate or publish a monthly payment for 70 Rainey ST Unit #1206. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 70 Rainey ST Unit #1206 is offered at $7,000. The current MLS snapshot shows 213 active listings in 78701. Keenan Group has completed 11 verified transactions in 78701 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Downtown Austin guide for current neighborhood analysis.
70 Rainey ST Unit #1206 was built in 2019, making it 7 years old with relatively recent construction.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Downtown Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78701 area. The Keenan Group has specialized in Downtown Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Very Walkable
Good Transit
Biker's Paradise
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
5 events on record
Current Price
$7,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-25.7% | — | $1,425,084 | — | — |
2024+29.1% | — | $1,918,000 | $123,930 | $1,543,523 |
2023+19.1% | — | $1,485,885 | $123,930 | $1,794,070 |
2022+30.8% | — | $1,247,500 | $123,930 | $1,361,955 |
2021 | — | $953,483 | $61,965 | $1,185,535 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in 70 Rainey
Neighborhood guide and local insights
Downtown Austin runs from the Colorado River north to the Capitol, bounded by I-35 to the east and Lamar to the west. It is the densest residential market in Central Texas with high-rise condos, historic lofts, and luxury towers concentrated in distinct sub-districts. The Seaholm District anchors the west end with the Seaholm Residences and the new Google tower reshaping the skyline. Rainey Street sits along the lake's north shore - what was a street of bungalow bars is now flanked by 40-story residential towers including 70 Rainey and The Lakeshore. The Warehouse District between 3rd and 6th Streets draws buyers who want walkable nightlife and restaurant access. Congress Avenue bisects downtown and remains the civic spine connecting the Capitol to the lake. The Austonian (56 floors), The Independent (58 floors), and 360 Condominiums are the marquee towers. Newer projects like Sixth & Guadalupe and The Republic continue adding inventory. Price points range from $400K studio condos to $5M+ penthouses with lake and Hill Country views. Walk Score averages 95+. The MetroRail Red Line stops at downtown station. Major employers including the State of Texas, UT Austin, and a growing tech presence (Google, Meta, Apple satellite offices) generate consistent housing demand. Nightlife, dining, live music, and Lady Bird Lake hike-and-bike trail are all within walking distance. Buyers here are typically professionals, empty nesters downsizing from suburban estates, investors, and out-of-state relocations drawn to Austin's urban core. HOA fees range from $400/month in older buildings to $2,000+ in full-service towers. Most buildings include concierge, pool, fitness center, and secure parking.
Looking for more homes in Downtown Austin?
Contact an Expert →Recent sales for market context